What is Scotiabank’s Forecast for eMagin FY2027 Earnings?

eMagin Corporation (NYSE:EMA) – Analysts at Scotiabank lowered their FY2027 earnings estimates for shares of eMagin in a note issued to investors on Thursday, May 14th. Scotiabank analyst A. Weisel now anticipates that the company will post earnings per share of $2.59 for the year, down from their previous forecast of $2.62.

Several other brokerages have also recently commented on EMA. Weiss Ratings raised shares of eMagin from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Barclays decreased their price objective on eMagin from $53.00 to $52.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. Finally, Wall Street Zen raised eMagin from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $56.33.

eMagin Price Performance

Shares of EMA stock opened at $52.41 on Monday. eMagin has a 12 month low of $43.78 and a 12 month high of $54.06. The company’s fifty day simple moving average is $52.37 and its 200-day simple moving average is $50.26.

Institutional Trading of eMagin

Several institutional investors and hedge funds have recently bought and sold shares of EMA. State of Tennessee Department of Treasury acquired a new stake in eMagin during the 2nd quarter valued at $7,749,000. Syon Capital LLC bought a new position in shares of eMagin in the third quarter valued at about $306,000. Russell Investments Group Ltd. lifted its stake in shares of eMagin by 26.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 107,611 shares of the company’s stock worth $5,164,000 after buying an additional 22,654 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of eMagin during the 4th quarter worth about $356,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of eMagin by 1,375.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 708 shares of the company’s stock worth $35,000 after buying an additional 660 shares during the period.

eMagin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $0.7325 per share. This represents a $2.93 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Friday, May 1st.

About eMagin

eMagin Corporation engages in the design, develop, manufacture, and market of organic light-emitting diode (OLED) miniature displays on-silicon micro displays, virtual imaging products that utilize OLED micro displays, and related products in the United States and internationally. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL. The company also provides design reference kits, which include a micro display and associated electronics to help original equipment manufacturers (OEMs) to evaluate micro display products; near-eye virtual imaging modules that incorporate its OLED-on-silicon micro displays with its lenses and electronic interfaces for integration into OEM products; prism optics, a molded plastic prism lens that permits its AMOLED micro displays to provide realistic images that can be viewed for extended periods with reduced eye-fatigue; and driver boards.